AGCO is an American agricultural equipment manufacturer founded in 1990. It gradually acquired additional brands and manufacturers, such Massey Ferguson in 1993 and Valtra, from Finland, in 2004. Today, AGCO sells its machinery through 4,200 dealers, with the majority of sales occurring in Europe and the Middle East, followed by North America, and manufactures its range of tractors, combine harvesters, engines and other agricultural equipment in 44 manufacturing locations worldwide.

Baseline assessment

Environment

Started the journey

Nutrition

Room for improvement

Social inclusion

Started the journey

Summary

AGCO publicly discloses some environmental and social inclusion commitments and policies but none related to nutrition. Regarding GHG emissions, AGCO has not set any reduction targets, and while it shares emissions data from its operations (scope 1 and 2), it does not do so for those related to the use of its products (scope 3). In terms of soil health and pesticide use, the company is developing products that reduce soil compaction caused by equipment and mentions high-tech ‘smart farming’ innovations to enable efficient use of inputs by farmers. However, the company does not report on the general extent of the positive environmental impact its technology is delivering, nor does it have a position on reducing plastic use. Given its role as a machinery manufacturer, the company has a limited impact on nutrition issues compared to companies involved in consumer products. Nonetheless, it is missing commitments in several key areas, including workforce nutrition, food safety and realising its goal to contribute to healthy and affordable nutrition for all. In the social inclusion dimension, AGCO is committed to eliminating child and forced labour in its supply chain but does not share a detailed human rights due diligence approach. It also shares no position on paying a living wage. However, the company is involved in training farmers in Africa through its Future Farm initiative and is committed to health and safety standards in its manufacturing operations.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
USD 9,041,000,000
Food and agriculture revenue USD
USD 9,041,000,000
Onwnership structure
Publicly listed
Number of employees
21,625

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.

There are currently no benchmarks for this company Return to companies list